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Not Just Goldman Sachs: Koch Industries Hoards Commodities as a Trading Strategy


Business  (tags: Koch Brothers, Koch Industries, commodity speculation, commodity hoarding, oil, 2008, low oil prices, shortage raises prices, derivatives )

Judy
- 400 days ago - thenation.com
Koch Industries, a company often inaccurately described as simply an oil or manufacturing concern, is highly active in the commodity speculation business akin to the big hedge funds and banks like Goldman Sachs.



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Comments

Tim C. (1831)
Wednesday July 24, 2013, 11:11 pm
ty
 

Helen Porter (40)
Wednesday July 24, 2013, 11:35 pm
What to say? What to say?
 

Roger Garin-michaud (61)
Thursday July 25, 2013, 3:51 pm
noted, thanks
 

GGmaSheila D. (164)
Thursday July 25, 2013, 10:26 pm
Not surprising. Noted and Thank you.
 

edward jagusiak (22)
Friday July 26, 2013, 12:28 pm
Noted,not surprising. Koch creeps.
 

Robert K. (31)
Friday July 26, 2013, 3:59 pm
The proof that there is no God is that if God existed the Koch scum would be bankrupt and living under a bridge and being sodomized every day.
 

Beth M. (46)
Friday July 26, 2013, 4:05 pm
...God is a choice....and its clear that for them there is no God...because if they had chosen God..they wouldnt be able to do bad things....this doesnt mean that those who do good and are good without God r not of God...but if you choose God you get extra help...the kind of help that only something supernaturally good can provide...If u have not encountered this thing..how can u speak of it?...
 

Kit B. (276)
Friday July 26, 2013, 4:12 pm

Oh my, people that believe in god do not do bad things?

This is just one more of the long list of reasons why we must have some very tough market regulations. These Kochs (and the like) do not follow rules, but if rules are in place they can be prosecuted. Logic dictates that rules for business like all of life, define what is or is not acceptable. Lay down the rules again. It's so obvious how much they are needed.
 

Kit B. (276)
Friday July 26, 2013, 4:12 pm

Thanks Judy, a very informative if infuriating article.
 

Beth M. (46)
Friday July 26, 2013, 4:17 pm
..belief..perhaps then knowing...belief is rather wishywashy...a definate knowing..leaves no room for saying oh..my bad...i didnt know...x
 

Lois Jordan (55)
Friday July 26, 2013, 6:06 pm
Thanks for posting this, Judy. Commodity speculation has been a scourge on the public far too long and is massively out of control. I'd hoped things would change and regulations would end this enormous theft, but so far....nothing much that I've read about anyway. It's just getting worse. The price of a barrel of oil is up around $108.00 again, as we see gas prices rising. Wages for us regular folk are not rising. It can't continue to go on like this. The market is going to crash again, banks will ask for bailouts, and the 1% will place blame where it doesn't belong---once again, and with the help of mainstream media. Smoke & mirrors. Evil greedy thieves!
 

Beverly M. (85)
Friday July 26, 2013, 6:55 pm
Absolutely nothing the Kochs do surprises me ~ but like Kit I'm angered (and frustrated) on everything I read about them.
 

Judy C. (106)
Friday July 26, 2013, 11:52 pm
I had no idea until recently how these scams work, and how widespread the practice is. Thank you all for reading and commenting. It is so outrageous!
 

Dandelion G. (386)
Saturday July 27, 2013, 11:06 am
These Elites are horrid people, they will make an extra buck no matter what they must do to get it. They care not to share anything nor even pay tax upon it. They talk how wonderful the free market is while they manipulate it; yet make sure no one else profits or saves money from this so called free market.

I will be so glad when the masses of Humanity sees how a few people at the top of the heap, figure worldwide about 1,000 people or so, makes so much money that is beyond anyone's imagining. While at the same time, their tactics are sending most of the worlds population deeper into debt that they've created, steal the Pensions out of the workers retirements, allow the Elders to go cold in winter, and steal the children of food today and their dreams of tomorrow.
 

Yvonne White (231)
Saturday July 27, 2013, 8:17 pm
This reminds me of the entire Bu$h League era mantra: "who could have foreseen?".. We are NOT as stupid as the "overseers" must be to not have Guessed this kind of thing is child's play for mega-evil!
 

Judy C. (106)
Saturday July 27, 2013, 9:16 pm
So very true, Dandelion and Yvonne! There is increasing unrest throughout the world as more and more people catch on, and get sick of this abuse of our planet and its inhabitants.
 

Yvonne White (231)
Saturday July 27, 2013, 11:01 pm
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